SG Continues to Provide Capital Solutions in Today’s Environment, Closes $2MM Growth Capital Facility for SaaS Company
The Company: Founder-owned commercial real estate software-as-a-service (“SaaS”) platform.
The Financing Situation: The Company’s legacy business has matured to a stable level with long-term contracted customers. Through a majority-owned subsidiary, the Company is developing a complementary SaaS platform. The new platform is still in its early stages of deployment and needed growth capital to fine-tune software development and expand...
SG Credit Partners Provides $3MM ARR Borrowing Base Growth Capital Facility
The Company: Founder-owned AI software subscription and services company providing a management platform for microservice-based enterprise applications. Services Revenue: $10MM | SaaS Revenue: $3MM.
The Financing Situation: The Company had successfully grown their annual recurring revenue (ARR) base from $2MM to $3MM over the course of 12 months with no outside investment. In order to raise an equity round at a high valuation, they...
SG Credit Partners Provides $1.5 Million Second Lien Loan to Managed Service Provider
The Company: Founder-owned managed service provider offering leading SD-WAN and edge solutions to businesses around the world.
The Financing Situation: The Company demonstrated significant year-over-year growth and had recently signed several large, multi-year contracts with new customers. The Company needed upfront working capital to invest in additional people costs in order to effectively perform on upcoming contracts. Additionally,...
SG Credit Partners Provides $2 Million Second Lien Cash Flow Loan Secured By Real Estate
The Company: Provider of IT managed services and cloud collaboration solutions. The Company’s management team owns corporate real estate held in a LLC outside of the Company.
The Financing Situation: The Company was in need of upfront working capital for new contracts, but did not have availability on its bank ABL. The bank ABL had recently closed its credit facility and was not able to provide additional financing until there was a...
SG Credit Partners Provides $1.5 Million Second Lien Loan
The Company: Industrial recycling company that sells processed and unprocessed materials to domestic and international mills, foundries, and other material processors. Ownership: Family-owned. Financial Profile: $40 million of revenue.
The Financing Situation: Management was exploring a sale of the Company and needed additional working capital beyond the availability on their asset-based credit facility. SG was approached by the Company’s...
SGCP Provides $2.0 Million to Cloud Storage Provider
The Company:
Non-VC/sponsor backed cloud-based video storage provider for smart home devices.
Revenue: $10mm+ run rate | EBITDA: Break-even
The Financing Situation:
The Company was searching for a non-dilutive capital solution to help finance continued growth – customer acquisition costs and new data center facility capex. Bank financing was not an option given a combination of the Company’s non-institutional ownership and current...
SG Credit Partners Provides $2.0MM Second Lien Growth Capital Loan
The Company: Founder owned staffing company that provides a full suite of employment solutions to IT, life sciences, and business services clients.
Financial Profile: Revenue: $85.0MM | EBITDA: $4.0MM
The Financing Situation: The Company had realized strong revenue growth over the last few years and had a strong pipeline for continued growth. The Company’s bank, Wells Fargo Capital Finance (“Wells Fargo”), was in the process of increasing...
Super G Provides $1.0 Million Seasonal Working Capital Loan
The Company:
Privately owned wholesaler of licensed toys, collectibles, and housewares.
Revenue: $22mm | EBITDA: $2.8mm
The Financing Situation:
The Company needed additional working capital to purchase inventory in advance of the holiday busy season. The Company has a flexible asset-based credit facility from FSW Funding (“FSW”), however, given the seasonality of revenue, the Company’s current accounts receivable balance did not provide...
Super G Provides $3.3 Million Bridge Loan
The Company:
Privately owned portfolio of commercial and residential real estate. Total portfolio value: $300 million.
The Financing Situation:
Successful retail entrepreneur diversified his wealth into real estate. While the Company was in the process of selling several large commercial real estate properties in California for liquidity, there was a working capital need to cover operating costs until the transactions closed.
The Solution:
Super...
Super G Provides Second Lien Acquisition Financing for Telecom Services Provider
The Company:
Publicly held (OTC) provider of telecom & engineering services and solutions.
Financial Profile (Consolidated): Revenue: $32mm | EBITDA: $2.7mm
The Financing Situation:
The Company was seeking subordinated debt to help finance the acquisition of a telecom staffing company that would expand its geographic footprint and service offerings. Given the consolidated EBITDA profile (<$5mm) of the business, traditional mezzanine...
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California loans are made pursuant to SG Credit Partners, Inc.'s California Department of Corporations Finance Lender License No. 60DBO-87290. Credit approval is subject to SG Credit Partners, Inc.'s credit standards, and actual terms (including actual loan amount) may vary by applicant. SG Credit Partners, Inc. requires certain supporting documentation with each new application. Complete disclosures of APR, fees, and payment terms are provided with each loan and are available from SG Credit Partners, Inc. at 23 Corporate Plaza, Suite 100, Newport Beach CA 92660, telephone 1-800-348-0232.